Hey @Travis Washington.

Now, those dollar signs and associated expectations are different be it New York City or Walla Walla, WA.  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

To calculate your land value, take into consideration the average price per square foot or acre of the comps and apply that to your land.Steps to apply comps to your property:1) Compile multiple comps: Find a real estate agent to help you put together a list of comparable properties.2) Make adjustments: Analyze each comp carefully to determine whether it has advantages or disadvantages when compared to your property and make adjustments to the value upwards or downwards as necessary.3) Determine the use of weighted average vs average: Depending on how close the comps are to your specific property; you may consider utilizing the weighted average method to place a greater weight on those properties that more closely resemble yours.Using comps to value your land can add a component of complexity and subjectivity.

There is more than enough square feet, but there will need to be several cuts before installed on the rental.  

Square footage and number of interior and exterior levels is also very important for rentals, you have to look at the comps.

In my case the rental unit is approx 33% of the homes square footage so I can only write off 33% of those items.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Hey BP Community,I have been diligently running cash flow and Cash-on-Cash return #s from many duplexes and triplexes in the Chicago and Chicago suburban areas. To my dismay, I have found that as someone who wants to ...